L3COS: Submitted its proposal to the Bank of England
- L3COS, the only known blockchain platform for the regulated digitalization of economies
- Submitted its proposal to the Bank of England to build the world’s first regulated blockchain-based operating system
- The Bank of England is one of several sovereign authorities, including the US Treasury
- These will provide these institutions with fast, secure and transparent means of payment as well as efficiencies of administration
- The L3COS proposal is in response to a published consultation paper from The Bank of England on ‘Central Bank Digital Currency
- L3COS has developed unique triple-layer consensus technology and is the first blockchain platform in the world
